Bitcoin is back in the spotlight after a major announcement from President Donald Trump that could change how Americans save for retirement.
On Thursday, the crypto market saw a noticeable jump as news broke that Trump is preparing to sign an executive order allowing 401(k) retirement plans to invest in alternative assets like private equity, real estate, and — most importantly — cryptocurrencies such as Bitcoin and Ethereum.
Bitcoin Bounces Back
Following the news, Bitcoin rose about 1%, climbing past the $116,000 mark for the first time in over a week. Ethereum did even better, jumping nearly 5%. Stocks tied to crypto also rallied — Coinbase gained 3%, Galaxy Digital rose 6%, and Bitmine Immersion surged almost 8%.
Why This Matters
Allowing crypto in 401(k) plans is a big deal. Retirement accounts in the U.S. hold a whopping $43 trillion — with around $9 trillion in 401(k)s alone. By opening the door to crypto, this policy could flood the market with long-term investment capital and bring Bitcoin one step closer to being a mainstream financial asset.
Michael Novogratz, CEO of Galaxy Digital, put it simply: “That’s a monster pool of capital.” He added that more people will be drawn into the crypto space once it’s available through familiar platforms like Fidelity or T. Rowe Price.
A Step Toward Mainstream Crypto Adoption
Fidelity first offered Bitcoin in its 401(k) plans back in 2022, but it was up to individual employers to allow it — and not many did, largely due to market volatility and unclear regulations at the time.
Trump’s upcoming executive order is part of a broader push to make the U.S. a global hub for crypto. Just last month, he signed the GENIUS Act, the country’s first official law regulating stablecoins.
This new move could mark a turning point, finally giving crypto a lasting seat at the retirement savings table.
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